Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New Stock Coverage: Rush to Fall in Love With Hi-Crush Partners


Wall Street ratings agencies set the tone for today's stock market.

MINYANVILLE ORIGINAL The troika is telling Greece to work six days a week, but Americans may now want to make a habit of toiling for 48 hours fewer. Markets came back refreshed from Labor Day to record their best showing since June, with the Nasdaq (^IXIC) gaining 2.26% to its highest level in almost 12 years.

Mario Draghi, who turned 65 on Monday and is clearly concerned about ever diminishing retirement prospects, kick-started the rally with an assurance that the ECB will implement a "fully effective backstop to avoid destructive scenarios with potentially severe challenges for price stability in the euro area." Not quite as snappy as "whatever it takes," but it nonetheless did the job.

Meanwhile, his counterpart Ben Bernanke took advantage of conditions he created to refinance his home, and the billionaire founder of Facebook (FB) can more easily afford his own 30-year loan as that stock advanced 5.1%.

Today in economics, July consumer credit is expected to show an expansion at 3:00 p.m. Eastern. In earnings action, Astoria Financial (AF), Five Below (FIVE), John Wiley & Sons (JW-A), Orchard Supply Hardware (OSH), Peregrine Pharmaceuticals (PPHM), Shuffle Master (SHFL), and Titan Machinery (TITN) are all due to report results.

Acme Packet (APKT): Shares are initiated with a Sector Perform at RBC Capital, whose target price is $22.

Bemis (BMS): JPMorgan begins BMS at a Neutral and assigns a price objective of $37.

CytRx (CYTR): The small cap is initiated with a Market Outperform at Rodman & Renshaw, whose target is $7. The company is seen as a high-risk high-reward play in the microcap oncology space.

Finisar (FNSR): Shares are a fresh Sector Perform at RBC Capital, whose objective is $18.

PetroLogistics (PDH): The stock is launched with a Buy at Dahlman Rose, which sees it as a pioneer in the trend toward on-purpose production of feedstock chemicals.

Hi-Crush Partners (HCLP):The hydraulic fracturing firm is an Outperform at Robert W. Baird ($23 target), an Outperform at RBC Capital, an Overweight at Barclays, an Outperform at Credit Suisse, and a Buy at UBS.

Sealed Air (SEE): The maker of Bubble Wrap is begun with an Overweight and $19 target at JPMorgan.

Sunshine Heart (SSH): Shares are an Outperform at Cowen.

Tech Stocks: Apple (AAPL) and Dell Inc. (DELL) are each initiated with Buys at Monness Crespi.

Two Harbors Investment (TWO): Bank of America-Merrill Lynch begins Buy rated research on TWO.

(See also: Stock Downgrades: Taking Scissors to Paper Stock Rock-Tenn and Stock Upgrades: Kraft Cracks a Smile After Saying 'Cheese.')
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos